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Bernie Sanders Slams Trump, Says He’s ‘Representing His Fossil Fuel Billionaire Friends’ By Calling Climate Change A ‘Con Job’ - Constellation Energy (NASDAQ:CEG), iShares Global Clean Energy ETF (NAS
Benzinga· 2025-09-24 08:38
Climate Change Stance - Senator Bernie Sanders criticized President Trump's dismissal of climate change, labeling it as a "con job" and an existential threat to the planet [1][2] - Trump's comments at the United Nations General Assembly shocked global leaders, as he referred to climate change as "the greatest con job ever perpetrated on the world" [2] Renewable Energy Developments - The Trump administration halted approvals for new solar and wind power projects, negatively impacting clean energy ETFs such as Clean Energy ETF ICLN and First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN [3] - Bill Gates acknowledged the changing dynamics under the Trump administration but expressed optimism about future cooperation in renewable energy [4] Nuclear Energy Initiatives - President Trump is advocating for the expansion of U.S. nuclear energy, aiming to quadruple capacity to 400 GW by 2050 [5] - The Department of Energy launched a pilot program to accelerate new nuclear fuel production to address domestic fuel shortages [5] - Trump's push for nuclear energy has positively affected stocks in the sector, with Constellation Energy Corp. (CEG) gaining 38.77%, Oklo, Inc. (OKLO) increasing by 552.86%, and Energy Fuels Inc. (UUUU) rising by 193.49% year-to-date [6]
Cosin Solar Technology Co., Ltd.(H0063) - Application Proof (1st submission)
2025-09-23 16:00
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Application Proof of Cosin Solar Technology Co., Ltd. 浙 江 可 勝 技 術 股 份 有 限 公 司 IMPORTANT: If you are in any doubt about any of the contents of this ...
X @Bloomberg
Bloomberg· 2025-09-23 13:22
Portuguese utility EDP says US renewable energy outlook is now much clearer, easing Trump-era concerns https://t.co/KAnvWPeyqU ...
XCHG Limited Reports the First Half of 2025 Unaudited Financial Results
Globenewswire· 2025-09-23 11:00
Core Viewpoint - XCharge Limited reported a significant decline in revenues and charger deliveries for the first half of 2025, attributed to external factors such as U.S. trade policy uncertainty and evolving renewable energy regulations, but remains optimistic about future growth and operational efficiency improvements [3][11][18]. Financial Performance - Revenues for the first six months of 2025 were $12.5 million, a decrease of 38.2% from $20.1 million in the same period of 2024 [10][11]. - Gross profit was $6.4 million, down from $9.8 million, with a gross margin of 51.3%, slightly up from 48.7% year-over-year [10][11]. - Operating loss increased to $7.4 million from a negligible loss of $0.004 million in the prior year [10][11]. - Net loss for the first half of 2025 was $7.3 million, compared to $0.2 million in the same period of 2024 [18]. Operational Highlights - Total EV charger deliveries fell to 472 units in the first half of 2025, down 59.1% from 1,155 units in the same period of 2024 [2][8]. - DC fast charger deliveries decreased by 40.6% to 454 units from 764 units year-over-year [2][8]. - Service revenues increased by 87.5% to $0.4 million, driven by higher maintenance services [11]. Management Insights - The CEO emphasized the company's resilience amid challenging market conditions and expressed confidence in the underlying demand for XCharge's solutions [3][4]. - A cost containment program has been initiated to enhance operational efficiency and strengthen the financial profile [4]. Management Change - Mr. Joel Adalberto Gallo was appointed as the Chief Financial Officer effective September 3, 2025, bringing over 30 years of experience in accounting and corporate finance [5][6]. Product Development - XCharge launched its GridLink charging system in Europe, fully adapted to meet EU standards, featuring advanced safety and efficiency technologies [7][9].
The subsidiaries of Aktsiaselts Infortar have signed a significant syndicated term loan facility agreement
Globenewswire· 2025-09-23 09:00
Group 1 - Aktsiaselts Infortar's subsidiary AS Elenger Grupp has secured a EUR 170 million syndicated term loan facility to refinance existing long-term debt and invest in gas distribution networks [1] - The financing will enhance investment capacity, improve service quality, and strengthen supply security for over 400,000 customers, linking gas infrastructure to climate goals [2] - The transaction does not impact Infortar's debt servicing capacity and has no material effect on the company's economic activities [6] Group 2 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp [7] - The company has a diverse portfolio, including approximately 141,000 m² of real estate and employs 6,866 people across 110 companies [7]
Orsted shares jump 7% after U.S. court overturns Trump project block
CNBC· 2025-09-23 07:33
Core Viewpoint - Shares of Danish renewables giant Orsted surged after a U.S. judge allowed the company to resume construction of an offshore wind farm previously halted by the Trump administration [1]. Group 1 - The ruling enables Orsted to continue work on the nearly completed Revolution Wind project located off the coasts of Rhode Island and Connecticut [1]. - Orsted's shares were among the top performers on the pan-European Stoxx 600 index, with the stock increasing approximately 7.3% during early morning trading [2].
Strengthening Ontario’s grid: Capital Power commissions two Battery Energy Storage Projects
Globenewswire· 2025-09-22 13:00
Core Insights - Capital Power Corporation has successfully launched its first Battery Energy Storage System (BESS) projects, the 120-MW York BESS and 50-MW Goreway BESS, achieving commercial operations on time and under budget, contributing approximately $35 million in annual contracted EBITDA for over 20 years [1][2][3] Group 1: Project Details - The York and Goreway BESS projects will provide a total of 170 megawatts of storage capacity, enhancing grid stability and supporting the integration of renewable energy sources in Ontario [2][3] - Both projects are contracted with the Ontario IESO until 2047, aligning with the province's energy procurement goals to maintain affordable and reliable power [1][2] Group 2: Community and Collaboration - Capital Power engaged with local stakeholders, including the City of Brampton, the Township of King, Indigenous Nations, and residents during the planning process, reflecting a commitment to community involvement [3] - The construction of these projects involved over 183,000 person-hours of work, showcasing the efforts of skilled trades and professionals [3] Group 3: Strategic Importance - The successful deployment of these utility-scale BESS projects positions Capital Power as a leader in North America's energy sector, contributing to a reliable and lower-emission electricity system [2] - The projects are part of a broader trend of expanding battery storage solutions globally, addressing the growing demand for electricity in Ontario [2]
Wärtsilä secures five-year power plant deal for Boto Gold Mine
Yahoo Finance· 2025-09-22 10:51
Wärtsilä has entered into a five-year operation and maintenance (O&M) agreement with Boto, a subsidiary of the Moroccan mining group Managem. This agreement involves managing a 23MW captive power plant at the Boto Gold Project located in eastern Senegal. The Boto Gold Project, located 88km from Kédougou near the Mali and Guinea borders, will run on six Wärtsilä 32 engines of 2.7MW each and four high-speed diesel generators of 1.5MW each. This facility will supply reliable power for gold-mining activitie ...